Physical Gold and Top Gold Mutual Funds: Within 1 year, will the return on one-time investment be higher?
Physical Gold and Top Gold Mutual Funds: Gold is considered the best hedge to resist inflation. Investors also showed interest in buying gold during market uncertainty and geopolitical tensions. Gold is suitable for investors with a longer investment range. But investors also buy short-term gold in different forms. They buy gold in physical form as well as digital form. The purpose of both investments is to benefit from the appreciation of gold's price. Learn more about investments in physical gold and gold mutual funds, which of the two gave a return on investment of Rs 1 million.
Physical gold as a form of investment
In India, physical gold is more popular than it is as an investment form.
People buy it as jewelry, but they also buy it as an investment form.
Special golden cookies and poles were purchased for investment purposes.
The purest form of gold is 24 carats of gold, and the purest one is 99.5%.
Due to supply and demand factors and tax rates, the prices of physical gold in different cities may vary.
Gold mutual fund investment
Gold mutual funds invest in gold ETFs, which in turn purchase physical gold or related assets.
Gold ETFS tracks the price of very high-purity gold.
Therefore, gold mutual funds also track the price of physical gold.
Investors who don’t want to own physical gold but want to benefit from their price appreciation investing in gold mutual funds.
Unlike the speed of physical gold, the price of gold mutual funds is similar everywhere.
They can be purchased online through mutual fund websites and other investment platforms.
1 year's physical gold price is appreciated
We are taking spot gold prices in Mumbai today. Price is 95,510/10g.
The same price of gold 1 year ago was Rs 74,620.
As a result, the price of gold rose by 28%.
This means that the value of gold worth Rs 1 million has grown to Rs 12,79,951.76.
Estimated net profit is Rs 2,79,951.76.
The highest investment value of Rs 1 million in gold mutual funds in 1 year
Quantum Gold Savings Fund Direct Growth is the top gold mutual fund with an annual return of 24.44% in 1 year.
Ten years ago, the fund's investment of Rs 10 lakh is now worth Rs 12,44,000.
It shows that physical gold has helped investors to make higher profits.
